HUNTINGTON INGALLS INDUSTRIES, INC.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 5, 2026
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Segment Information
- SEGMENT INFORMATION
The following tables present the Company's operating results by segment:
| ($ in millions) · Ingalls · Newport News · Mission Technologies · Intersegment Eliminations · Total | ||||||
|---|---|---|---|---|---|---|
| Sales and Service Revenues | ||||||
| Product sales | $614 | $1,364 | $26 | $— | $2,004 | |
| Service revenues | 108 | 301 | 686 | — | 1,095 | |
| Intersegment | 3 | — | 36 | (39) | — | |
| Total sales and service revenues | 725 | 1,665 | 748 | (39) | 3,099 | |
| Segment Operating Income | ||||||
| Income from operating investments, net | — | — | 5 | — | 5 | |
| Less: | ||||||
| Cost of sales and service revenues | ||||||
| Product | 531 | 1,179 | 24 | — | 1,734 | |
| Service | 96 | 255 | 597 | — | 948 | |
| Intersegment | 3 | — | 36 | (39) | — | |
| Other segment items | 46 | 143 | 61 | — | 250 | |
| Total segment operating income | $49 | $88 | $35 | $— | 172 | |
| Non-segment factors affecting operating income | ||||||
| Operating FAS/CAS Adjustment | (9) | |||||
| Non-current state income taxes | (8) | |||||
| Total operating income | $155 | |||||
| ($ in millions) · Ingalls · Newport News · Mission Technologies · Intersegment Eliminations · Total | ||||||
|---|---|---|---|---|---|---|
| Sales and Service Revenues | ||||||
| Product sales | $526 | $1,160 | $27 | $— | $1,713 | |
| Service revenues | 107 | 236 | 678 | — | 1,021 | |
| Intersegment | 4 | — | 30 | (34) | — | |
| Total sales and service revenues | 637 | 1,396 | 735 | (34) | 2,734 | |
| Segment Operating Income | ||||||
| Income from operating investments, net | — | — | 13 | — | 13 | |
| Less: | ||||||
| Cost of sales and service revenues | ||||||
| Product | 452 | 971 | 20 | — | 1,443 | |
| Service | 90 | 193 | 604 | — | 887 | |
| Intersegment | 4 | — | 30 | (34) | — | |
| Other segment items | 45 | 147 | 54 | — | 246 | |
| Total segment operating income | $46 | $85 | $40 | $— | 171 | |
| Non-segment factors affecting operating income | ||||||
| Operating FAS/CAS Adjustment | (10) | |||||
| Non-current state income taxes | — | |||||
| Total operating income | $161 | |||||
Sales transactions between segments are generally recorded at cost.
Other segment items consist of general and administrative expenses.
Other Financial Information
The following tables present the Company's capital expenditures, as presented to the chief operating decision maker, and depreciation and amortization by segment:
| ($ in millions) | 2026 | 2025 |
|---|---|---|
| Capital Expenditures(1) | ||
| Ingalls | $10 | $14 |
| Newport News | 57 | 49 |
| Mission Technologies | 3 | 1 |
| Total segment capital expenditures | 70 | 64 |
| Corporate | 1 | 3 |
| Total capital expenditures | $71 | $67 |
(1) Net of grant proceeds for capital expenditures
| ($ in millions) | 2026 | 2025 |
|---|---|---|
| Depreciation and Amortization | ||
| Ingalls | $20 | $20 |
| Newport News | 35 | 33 |
| Mission Technologies | 20 | 25 |
| Total segment depreciation and amortization | 75 | 78 |
| Corporate | 1 | 1 |
| Total depreciation and amortization | $76 | $79 |
Asset information by segment is not disclosed because it is not a key measure of performance used by the chief operating decision maker.
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